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gregpap
Jun 27, 2018 6:20 AM

BTC setup for a pump!  Long

Bitcoin / United States DollarCoinbase

Description

Wave C must start soon so its gonna bring BTC to levels above 6500, confirmation is 6200 closing, you can start building longs now and pyramide above 6250 to be more sure. I warn you this doesn't mean lower levels wont follow, its just a corrective ABC pattern.

Trade active

We had a lower low at 5985, that doesn't change our ABC scenario, we just moved B at that low, we are in the start of the wave C today, if scenario is valid, a confirmation will come with closing above the 6260!

Order cancelled

Although the wave B might be still valid counting at the todays low, we will have to cancel this scenario as we didnt want the correction of B to be so deep, stay tuned for the next trading opportunity!
Comments
esjaees
Pump highly unlikely unless black trendline is breached. Test of Sept high is more likely over next few weeks.
gregpap
@esjaees, nice chart, will see, check my other charts as well to see the EW counting on daily...
esjaees
@gregpap, Thanks!
gregpap
@esjaees, u welcome, tnx for following us, more great things are coming!
deliciouspodo
Seems like many traders are targeting 6600, in case of a pump. It would be smarter to take profit at 6450 then
gregpap
@deliciouspodo, will see lets the move evolve first
meveme
@gregpap, exactly. It’s pushing higher now some volumes coming in slowly slowly
gregpap
@meveme, volume is not so important at this stage price action prevails!
meveme
@deliciouspodo, well if it sees 6450 it will see much higher. May be even 6900
gregpap
@meveme, /Agree, but lets first break the 6200/300 area...;)
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